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511. Policybazaar.ae has introduced ‘PB Advantage,’ a new health insurance initiative in which country?
[A] UAE
[B] United States
[C] Canada
[D] UK
Correct Answer: A [UAE]
Notes:
Policybazaar.ae, a top online insurance platform in the UAE, has introduced ‘PB Advantage,’ a new program aimed at improving the health insurance experience for users. This initiative brings in new features that simplify the buying of policies and the claims process, raising the bar in the industry. With ‘PB Advantage,’ customers can enjoy benefits such as 30-minute claims support, automatic recharge of the sum insured, and a No Claim Bonus, all designed to make managing health insurance easier and more efficient.
512. Which company and Bharti Airtel have partnered to create a large digital platform for financial services?
[A] Bajaj Finance
[B] L&T Finance
[C] HDB Financial Services
[D] Aditya Birla Finance Limited
Correct Answer: A [Bajaj Finance]
Notes:
Bharti Airtel and Bajaj Finance have established a collaboration to develop one of the largest digital financial service platforms in India. This initiative combines Airtel’s extensive customer base and distribution capabilities with the wide range of financial products offered by Bajaj Finance. The partnership seeks to improve financial inclusion by providing a streamlined user experience via the Airtel Thanks App, which will feature offerings such as gold loans and business loans. This strategic endeavor capitalizes on the expanding digital infrastructure in India, particularly targeting underserved areas to provide accessible financial solutions.
513. Which regulatory body will launch a “when-listed” trading platform?
[A] PFRDA
[B] SEBI
[C] IRDAI
[D] FSSAI
Correct Answer: B [SEBI]
Notes:
The Securities and Exchange Board of India (Sebi) plans to introduce a “when-listed” trading platform. This new system will manage the trading of shares during the period between the allotment of an initial public offering (IPO) and their official listing on stock exchanges. The goal is to address the common grey market activities linked to unlisted shares. With the “when-listed” platform, investors can trade shares right after they are allotted, before they are officially listed. This change aims to create a regulated trading environment and lessen the dependence on the unregulated grey market. Currently, there is a three-day waiting period after allotment, which often leads to informal trading that Sebi wants to stop.
514. According to which organization has announced the Global foreign direct investment (FDI) experienced a notable decline of eight per cent in 2024?
[A] United Nations Development Programme (UNDP)
[B] International Labour Organization (ILO)
[C] United Nations
[D] United Nations Conference on Trade and Development (UNCTAD)
Correct Answer: D [United Nations Conference on Trade and Development (UNCTAD)]
Notes:
Global foreign direct investment (FDI) saw a significant drop of eight percent in 2024, as reported by the United Nations Conference on Trade and Development (UNCTAD). This decline threatens the progress towards the Sustainable Development Goals (SDGs), which rely heavily on funding from international projects. The difficulties in obtaining international project finance are especially important for the infrastructure and energy sectors. FDI is when a foreign entity invests in a business or assets in another country. Unlike foreign portfolio investment, which involves buying shares without control, FDI allows the investor to have some influence over the business’s operations. It includes not just capital but also the sharing of technology, skills, and expertise, making it essential for economic growth.
515. Which company has launched CyberEdge, a comprehensive cyber insurance solution designed to protect Indian businesses?
[A] Tata AIG
[B] Bajaj Allianz
[C] HDFC ERGO
[D] IFFCO-TOKIO
Correct Answer: A [Tata AIG]
Notes:
Tata AIG General Insurance Company has introduced CyberEdge, a complete cyber insurance solution aimed at safeguarding Indian businesses from rising cyber threats. This move supports the company’s plan to secure 25% of the cyber insurance market in the next five years. CyberEdge is specifically designed to help Indian businesses, particularly small and medium enterprises (SMEs), by providing extensive coverage that includes data recovery, legal expenses, and losses from business interruptions.
516. Which company has launched the Shubh Muhurat plan?
[A] Reliance Nippon Life Insurance
[B] Max Life Insurance
[C] Tata AIA Life Insurance
[D] Shriram Life Insurance
Correct Answer: C [Tata AIA Life Insurance]
Notes:
Tata AIA Life Insurance has launched ‘Shubh Muhurat,’ a life insurance plan aimed at helping families save for their children’s weddings. This initiative responds to the rising costs of weddings in India, which is projected to exceed ₹10.7 lakh crore in 2024. The ‘Shubh Muhurat’ plan is a complete financial solution that includes savings, investment growth, and life insurance coverage. It is designed to assist parents in handling the financial pressures of their children’s weddings, providing a systematic way to gather funds for different wedding expenses.
517. Which of the following has revised India’s GDP growth projection for the fiscal year 2024-25 to a range of 6.5% to 6.8%?
[A] IMF
[B] World Bank
[C] Moody’s
[D] Deloitte
Correct Answer: D [Deloitte]
Notes:
Deloitte expects India’s GDP growth for the fiscal year 2024-25 to be between 6.5% and 6.8%. This forecast considers global trade issues and local challenges. However, strong spending in rural areas, a booming services sector, and an increase in high-value exports contribute to a positive outlook. Deloitte India has updated its GDP growth estimate for 2024-25 to this range, highlighting the importance of being cautiously optimistic as the economy faces these difficulties.
518.Which bank, in collaboration with RuPay, has launched the FIRST EA₹N RuPay Credit Card?
[A] Axis Bank
[B] HDFC Bank
[C] IDFC FIRST Bank
[D] ICICI Bank
Correct Answer: C [IDFC FIRST Bank]
Notes:
IDFC FIRST Bank has teamed up with RuPay to introduce the FIRST EA₹N RuPay Credit Card. This secured credit card offers the advantages of a fixed deposit along with the ease of UPI transactions. The card is designed to give users better financial flexibility and rewards. To benefit from this card, users need a minimum fixed deposit of ₹5,000 and can earn cashback of up to ₹500 each month on UPI payments.
519. Which company is set to build the world’s largest data centre in Jamnagar, Gujarat?
[A] Infosys
[B] Wipro
[C] Reliance Industries
[D] Tech Mahindra
Correct Answer: C [Reliance Industries]
Notes:
Reliance Industries, under the leadership of Chairman Mukesh Ambani, is preparing to establish the largest data centre globally in Jamnagar, Gujarat. This significant initiative is expected to transform India’s digital infrastructure, particularly in relation to the burgeoning field of artificial intelligence (AI). Through this substantial investment, Reliance seeks to enhance India’s competitiveness in the international AI arena while making a notable contribution to the country’s digital and technological advancement.
520. Which of the following has recently introduced a Temporary Identification Number (TIN) for businesses that do not require mandatory registration?
[A] Reserve Bank of India
[B] Central Board of Indirect Taxes and Customs
[C] Ministry of Finance
[D] Ministry of Corporate Affairs
Correct Answer: B [Central Board of Indirect Taxes and Customs]
Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has made recent updates to the Goods and Services Tax (GST) system in India. One key change is the introduction of a Temporary Identification Number (TIN) for businesses that do not need to register officially. This change is designed to make tax compliance easier and help with payments under the GST system. Furthermore, the CBIC has decided to waive extra late fees for annual returns from the financial years 2017-18 to 2022-23. The GST Council has also suggested a new rule that allows tax officers to issue Temporary Identification Numbers to businesses that are not required to register. This means that these businesses can still make necessary payments without having a permanent GST registration. The notification specifies that these TINs will be issued under certain conditions mentioned in Part B of FORM GST REG-12.
